. Shumilou.CoM.Shumilou.Co

More than a week later, on March 28, the Jardine Matheson Board of Directors suddenly announced that the Group had re-domiciliated Bermuda on the basis of Hong Kong's future; The shares will be listed in London, Singapore and Australia at the same time.

The next day, there was turmoil in Hong Kong's business community, and the Hang Seng Index plunged 62 points.

Since then, the wind of relocation has been blowing, and the tide of immigration has intensified.

At the British Club in Hong Kong, the British people were all talking about the issue of re-domiciliation.

Richard said goodbye to his British friend, drove to the Hualong Building in a car, took the elevator to the top floor of Li Hualong's office, and said in an eager tone: "BOSS, the attitude of the British side of the negotiations in Beijing is getting tougher and tougher, and the Chinese Communist Party wants to take over Hong Kong in an all-round way, do we want to be John?" Keswick second?"

John is Simon's uncle, and in the 40s of the 20th century, he served as the master of the magic capital Jardine and foreign companies. More than half of Jardine Matheson's assets in the Far East are in Chinese mainland.

At the end of the 40s, when the mainland was liberated, not only did Jardine not withdraw its people, but also its assets. John spared no effort to fight for the "legitimate rights" of Jardine Matheson in China, and did not leave until 1952. This incident made the Keswick family nervous about everything about Huaxia.

Although Richard is no longer a vice president of Hutchison Whampoa, he remains a shareholder of Hutchison and a member of the board of directors.

Li Hualong knew very well what Richard's words meant, he smiled faintly, and said: "The Communist Party of China will definitely take over Hong Kong in the future, but not now, even if Hong Kong returns to China, isn't there still one country, two systems, and we Hutchison Whampoa will not consider reregistering, and will only stay in Hong Kong permanently." I don't think you really need to worry, if it comes to personal interests in the company, I have more than you do, and I said this after careful consideration. Now that the Chinese government welcomes overseas entrepreneurs to invest in China, it is impossible to take action against Hong Kong's private assets. If you are not optimistic about the prospects of Hutchison Whampoa, you can sell your shares to me at the market price. ”

Richardin thought for a moment and said, "Okay, I'll sell the shares to you, and I'm no longer a director of the board of directors of Hutchison Whampoa." I hope you can't go wrong with your predictions! ”

"Thank you for your good words. I believe in my predictions! Li Hualong said confidently, stood up, stretched out his hand and shook hands with the other party, "I hope there will be opportunities to cooperate with you in the future." ”

"I think there's definitely a chance."

Wang Yunlong admitted that Richardin was a talent. But just one talent, not to mention the whole earth, even within Hutchison Whampoa, without such a talent, there will soon be a suitable person to take his place.

A few days later. On Sunday, April 1, Li Hualong issued a statement in Ming Pao:

Today is April Fool's Day, but I, Li Hualong, do not joke with everyone, and I solemnly declare that I will not reduce my holdings of Hutchison Whampoa shares within ten years.

Hutchison Whampoa will develop its international business in the future, but will not consider re-domiciliation and will remain in Hong Kong forever.

If the shareholders of Hutchison Whampoa are not optimistic about the prospects of this company, they can sell their shares to me, and I am willing to fully acquire the shares of Hutchison Whampoa at a price of HK$30 per share (the closing price of the previous trading day was HK$29.5 per share). Valid for one year.

……

Since Hutchison International changed its name to Hutchison Whampoa, the company in order to acquire several new shares of the company, and reward the company's employees with stock options, today, the company's total share capital is 500 million shares, Li Hualong's family has repeatedly bought Hutchison Whampoa shares, Li Hualong's family holds a total of 220 million shares of the company, a shareholding ratio of 44%.

At HK$30 per share, Hutchison Whampoa, which owns 500 million shares, has a market capitalisation of HK$15 billion.

Li Hualong felt that at this time, the market value of Hutchison Whampoa did not exceed HK$20 billion. It's just underrated.

Lee's statement strengthened the confidence of some Hong Kong people to stay in Hong Kong.

That morning, after Li Huawen saw Li Hualong's statement published in the newspaper at home, he immediately made a phone call to Li Hualong's home.

"Hua Long, where are you at home?" Li Huawen smiled.

"Today Sunday. It's not too down, how can I go to work! Li Hualong said with a smile.

"I have seen the statement you published in Ming Pao, and I estimate that in the next few days, the stock price of Hutchison Whampoa will be in a war."

"It's for sure, how much. Whether it is a big rise or not, it is difficult to say. ”

"Do you need to pay Ming Pao for advertising when you publish this statement?"

"No, I didn't ask Ming Pao for a manuscript fee, even if it's good, I believe that many people buy this newspaper in order to read the statement."

"I also believe that I estimate that many people will deliberately keep today's issue of Ming Pao."

"Big brother, it's okay today, let's come over for dinner."

"Okay, I'll go to your house later, and we'll have a good chat when we meet."

"Don't always think about business, your two sons are grown up and are very good, you should learn to let go."

"Let go?" Li Huawen smiled, "After letting go, stay at home every day?" ”

"Isn't it good to tease Sun?"

"Okay, hehe, but I haven't put it down yet, let's talk about it in a few years, hehe, I don't feel old yet."

"If work brings you happiness, then it's better not to retire."

The next day, Monday, the stock market reopened, and the opening price of Hutchison Whampoa shares was HK$33 per share, and the stock price did not break through the opening price for the whole trading day, and the stock price fluctuated between HK$30.2 and HK$33.

On this day, the entire Hong Kong stock market rose, with more than seventy percent of the company's stock prices rising and the Hang Seng Index rising by 78 points.

In the months that followed, Li Hualong made frequent moves, and he used practical actions to tell the people of Hong Kong that he had no intention of withdrawing from Hong Kong.

After several months of negotiations, Hutchison Whampoa and the Hong Kong government signed a land exchange agreement on 3 April, officially ending the world-renowned shipbuilding and ship repair era of Whampoa Dockyard and commencing the new Whampoa Garden project, with Hutchison paying the Hong Kong government a land premium of HK$380 million and a road construction cost of about HK$200 million.

Hutchison Whampoa has long wanted to develop the Whampoa Dock plot, but Li Hualong knows that during the peak of the property market, he will negotiate with the government to make up the land price, and the government must have offered a very high price.

The Hong Kong government spends a lot of money every year, and the income is less, and it spends more. There will be a fiscal deficit, the government is not a business, it is impossible to link a high fiscal deficit, and now the property market is sluggish. The Hong Kong government can't sell the land at a high price, so Hutchison Whampoa takes the land in his own hands, changes the land use, and makes up the land price. Naturally, the price will not be high.

Li Hualong knows that there is a lot of room for housing price appreciation in Hong Kong in the future, and the development of the Whampoa Dockyard later will make the income greater and the profit will be greater, but he is not prepared to continue to wait, now is the best time.

……

On April 8, the grand opening ceremony of the new town plaza was held, and before the opening, the occupancy rate of the mall was as high as 100 percent, of which 80% of the floor area was taken away by Li Hualong's company.

In order to attract popularity. On the opening day of the new town square, many items were discounted, which attracted many people to shop.

Later, with the electrification of Hong Kong's railways, the Sha Tin Station was built, and after the opening of the station, the flow of people increased dramatically, and some people even said that the shops in the new town square could develop even if they sold garbage. Surely no one sells garbage in New Town Plaza, Lane Crawford Department Store, Carrefour Shopping Plaza, Wellcome Supermarket, Watsons Pharmacy, 7-Eleven Convenience Store, Jeanswest and so on have opened stores in New Town Plaza. All have made huge profits. At the same time, Li Hualong leased the shop in the New Town Plaza and subleased it to others, which made a lot of money.

Li Huawen and Li Huahu were not angry because Li Hualong made a profit by subleasing the shop in New Town Plaza. Under the guidance of Li Hualong, they made several investments and made huge profits, even if they were asked to give Li Hualong the shares they held in the Li family real estate company, they would be happy.

Shortly after the opening of the new town square, April 12. InterContinental Hotels Group, a subsidiary of Lee Wah Lung, has signed two agreements with the Hong Kong government, one for the expansion of The Peninsula and the other for the redevelopment of Repulse Bay into Four Seasons Hotel Clear Water Bay.

The Peninsula plans to add a new 30-storey wing to the north with a helipad on the top floor, allowing VIP guests to fly directly by helicopter to and from Hong Kong's Kai Tak Airport, or to fly over Hong Kong.

The Clear Water Bay Hotel was demolished and rebuilt into the Four Seasons Hotel Clear Water Bay, as well as a serviced apartment.

On April 15, three days after the agreement was signed, the Peninsula closed and on April 20, construction workers began moving into The Peninsula and work began on a major renovation and expansion.

More than half a month later, on May 10, the Hong Kong government and the Li Yat-song & Sons Foundation jointly announced the development plan of the Hong Kong Convention and Exhibition Center.

As early as July last year, the Li Yat-song & Sons Foundation began to contact the Hong Kong government, hoping to develop the Hong Kong Convention and Exhibition Center in Wan Chai, but it has not reached a consensus with the Hong Kong government for a long time.

The Hong Kong government is not worried that the Li Yat-song and Sons Foundation has no money to develop the Hong Kong Convention and Exhibition Center, and the reason why it has not been approved for a long time is because of the particularity of this project, Hong Kong has a world-class convention and exhibition center, which is beneficial to Hong Kong's economic development, and the Hong Kong government does not want the land price to be too cheap, and the foundation hopes that the land price will be lower.

After nearly 10 months of negotiations, the Li Yat Song & Sons Foundation and the Hong Kong government reached a consensus and signed an agreement.

The Hong Kong Convention and Exhibition Centre will be developed in two phases, with five exhibition halls with a total area of 48,000 square metres; two conference halls, with a total area of 62 million square meters, as 6,200; two world-class conference hall foyers; 2 lecture halls with an area of 1,000 square meters and 1,200 seats; 52 meeting rooms with an area of 7,000 square meters; 8 Chinese and Western restaurants with 2,000 seats; two five-star hotels with 1,500 rooms; an office building; Serviced apartments, shopping malls, banks, business centers, parking spaces and other related facilities.

The first phase of the Hong Kong Convention and Exhibition Centre is expected to invest HK$2.9 billion, including land premium, and the first phase of the project will be completed before November 1, 1988. The second phase, the new wing of the Hong Kong Convention and Exhibition Centre, is located on a 6.6-hectare reclaimed artificial island, including reclamation works, which is expected to cost HK$4.8 billion, and the second phase of the project was launched in December 1988 and completed within six years.

The planned development of the Hong Kong Convention and Exhibition Centre was a major piece of good news, and the Hang Seng Index rose after the announcement, with nearly two out of ten listed companies rising by more than 10 percent in five trading days, after which the Hang Seng Index began to fall again.

……

On June 12, Anshen Real Estate (apocryphal), a small real estate company controlled by Li Hualong, Hutchison Whampoa and Hongkong Land Co., applied for suspension of trading at the same time.

After the suspension of the three companies, a joint announcement was issued, Anshen Real Estate changed its name to Hualong Holdings Co., Ltd., and after the company changed its name, it issued new shares at a premium, part of which was used to exchange for Hualong Building under the name of Li Hualong, and part of it was used to exchange the shares of Hutchison Whampoa and Hongkong Land held by Li Hualong, and part of it was issued to Li Huawen, Li Huahu and Li Yisong Father and Son Foundation, and part of it was reserved for ordinary investors to subscribe.

Investors are very optimistic about the development potential of Hualong Holdings Co., Ltd. and actively participate in subscribing for new shares, and the brothers Li Huawen and Li Huahu also subscribed for some new shares.

Upon completion of these transactions, Lee no longer holds direct shares in Hutchison Whampoa and Hongkong Land, in which Hualong Holdings Limited holds a 45% stake; Li Hualong holds 73% of the shares of Hualong Holdings Limited, Li Yisong & Sons Foundation holds 10% of the shares, Li Huawen Family Trust and Li Huahu Family Trust each hold 5% of the shares, and ordinary shareholders hold 7% of the shares.

In the past year or so, the Hong Kong stock market has been sluggish, and Li Hualong has controlled several small listed companies at a very low cost.

Li Hualong thought that his wealth would not be exposed, he didn't want the outside world to know how many assets he had, and now, he has thought clearly, his industry can be listed, after all, outsiders can see it, it is difficult to hide these assets, after these companies are listed, they will not get involved in high-risk and high-return investment.

After more than a month, Hualong Holdings, Hutchison Whampoa and Hongkong Land resumed trading, after the opening, the stock prices of these three companies have risen, and the closing price of the day has increased by 10%-15% compared with the previous trading day, of which the share price of Hualong Holdings has risen the most.

Hualong Holdings issued new shares at a premium, and the company's net asset value per share increased somewhat, which was greatly beneficial to the company's minority shareholders.

Li Hualong also controls several small listed companies, and some investors feel that Li Hualong will definitely use the shells of these companies to make his companies go public in the future, and they are optimistic about the growth potential of the stock prices of these companies, so they have bought them one after another, pushing up the stock prices.

But for a long time after that, Li Hualong did not take action, and the performance of these small listed companies was very average, and the price-earnings ratio was much higher than that of the same industry.

……

On December 19, 1984, the then Chinese Prime Minister Zhao-Ziyang and British Prime Minister Margaret Thatcher signed the Sino-British Joint Declaration in Beijing.

A number of Hong Kong newspapers interpreted the "Sino-British Joint Statement" in detail, and the Hong Kong people who had read the newspapers regained confidence in Hong Kong, and some far-sighted investors suddenly realized that in the next 10 years or so, the land used to build residential buildings in Hong Kong will be tight, and they have invested money to buy listed companies with a large amount of land, and listed companies such as Hutchison Whampoa and Hongkong Land have risen by more than 15 percent in 10 trading days.

In the next ten years, there will be many twists and turns in the Sino-British negotiations, and there will be a comeback of the re-register, in this general climate, Li Hualong firmly stayed in Hong Kong, not only did not move the idea of re-registering, but he also persuaded his father Li Yisong and eldest brother Li Huawen, as well as several friends in his business, not to re-register. (To be continued.) )